Economic Impact of Stamp Duty

Economic Impact of Stamp Duty

John O'ConnellAugust 16, 2013 9:53 PM

The Tax Payers’ Alliance believes that in the long term Stamp Duty Land Tax should be abolished. However reforms are also possible that would ease the burden on families with a limited, or even positive, impact on overall tax receipts.

In new research based on the relationship between the tax rate and transaction volumes, estimated by Best and Kleven, we show that cutting the rate of tax of Stamp Duty Land Tax can not only enhance economic growth and aid mobility but actually be fiscally neutral overall. With transaction volumes close to a historic low this is the time to act.

Welcome to the TPA

Welcome to The TaxPayers' Alliance, Britain's grassroots campaigning group dedicated to reforming taxes, cutting spending and protecting taxpayers. If you like what we do, become a supporter now by signing up to our mailing list using the form below. John O'Connell, Chief Executive